“KPIT Tech – Strong Uptrend Pauses, Key Support Holding”

📊 Technical View 1️⃣ Price Action: CMP: ₹1,228 (+2.64% this week). Stock topped out near ₹1,900, entered a declining channel / sideways correction for almost a year. Currently consolidating around ₹1,200 support zone. 2️⃣ Moving Average Trend: 200-week EMA at ₹937 → price still well above long-term average. This indicates long-term uptrend remains intact despite correction. 3️⃣ Volume Behavior: Correction phase showing lower volumes compared to rally – typical healthy digestion. No major distribution signs yet. 4️⃣ Key Levels: Support Zone: ₹1,200 → multiple weekly rejections, strong base. Breakdown Risk: Below ₹1,150 → can test ₹1,000–₹950 (200-week EMA). Upside Resistance: ₹1,350 → if crossed, momentum may pick up towards ₹1,500+. 🚀 Learning Takeaway Even after sharp corrections, stocks in strong secular trends often consolidate above long-term moving averages before resuming upward journey. Watching 200-week EMA is a powerful way to separate trend reversals vs. corrections.